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Property profile & analytics

48745 Gratiot Ave New Baltimore, MI 48051

  • Industrial land
  • 1,152 SF
  • 3.02 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0161065
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Industrial land

Property Details for 48745 Gratiot Ave

Year built
1930
Construction
METAL FRAME
Lot size
3.02 lot acres
Property size
1,152 SF
Zone code
M2 GEN
Property type
Industrial land
APN
15-09-30-126-029
APU
150930126029

Description

This exceptional 3.02-acre industrial land parcel presents a unique investment opportunity in the thriving Chesterfield Township, Michigan. Located at 48745 Gratiot Ave, New Baltimore, MI 48051, this fee-simple property boasts an enviable location with high visibility and significant traffic counts. The site features 303 feet of frontage on Gratiot Avenue, a major thoroughfare with a daily traffic volume of 32,663 vehicles. Its M-1 zoning permits a wide range of industrial uses, making it ideal for manufacturing, logistics, or warehousing operations. The property benefits from readily available on-site utilities, including electricity, water, gas/propane, telephone, cable, and irrigation. Adding to its strategic advantage, the land backs up to railroad tracks, providing convenient access to rail transportation. Furthermore, the property is situated less than a mile from the Chesterfield Fire Station, ensuring quick response times in case of emergencies. The surrounding area is home to a cluster of established industrial businesses, including X-Treme Auto Truck & Performance, Bobcat of Motor City East, Troy Tube & Manufacturing, Arnold Tool & Die, Riverside Manufacturing, and Vanguard Conversion & Fulfillment, creating a synergistic environment for potential development. The area also offers a variety of nearby retail amenities, including restaurants, a yoga studio, and other conveniences, catering to the needs of employees and visitors. This prime industrial land offers a compelling combination of location, utility access, and zoning flexibility, making it an attractive proposition for discerning investors and developers. Asking price is $675,000.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Chesterfield
County
Macomb
State
Michigan
Longitude
-82.8479
Latitude
42.6585
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,835
$0.00
$0.00
$93,700
-
$0.00
$0.00
$187,400
More about this property
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